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Screen Media

Screen Media Ventures, LLC was an American independent film and television distribution company founded in 1999 and headquartered in . Specializing in acquiring and licensing content for global markets, it distributed motion pictures and series through channels including theatrical releases, , video-on-demand (VOD), subscription video-on-demand (SVOD), cable and broadcast television, and airline entertainment. The company built an extensive library of programming, focusing on independent and specialty titles, and served as a key supplier to (FAST) platforms and international broadcasters. In 2017, Screen Media was acquired by Entertainment, Inc., a company, which expanded its distribution network and integrated it with streaming services like Crackle. Under this ownership, Screen Media continued to secure high-profile titles, including action thrillers like (2022) starring and comedies such as (2022) featuring , often handling North American rights and multi-platform releases. The company also ventured into original programming, supplying content to ad-supported platforms and partnering on docuseries, such as a Nintendo-focused project narrated by . Screen Media's operations emphasized international reach, with deals spanning , , and , and it positioned itself as one of the largest independent licensors of feature films to television worldwide. However, financial challenges at its parent company led to significant disruptions; Entertainment filed for Chapter 11 bankruptcy in June 2024, which was converted to Chapter 7 liquidation in July 2024, resulting in Screen Media's shutdown later that year. The bankruptcy proceedings involved auctions of assets, including Screen Media's extensive content library, amid broader industry shifts toward streaming and consolidation.

History

Founding and Early Development

Screen Media Ventures was established in 1999 in as an independent motion picture distribution company, primarily targeting the worldwide television market with a focus on licensing independent films to networks. Headquartered at 800 Third Avenue, the company emphasized opportunities in both U.S. and international markets from its inception. The initial business model centered on securing distribution rights for independent features and licensing them to television broadcasters, while gradually expanding into physical and digital home entertainment formats such as VHS, DVD, video-on-demand (VOD), and pay-per-view. In the early 2000s, Screen Media achieved early milestones through initial TV syndication agreements, exemplified by its handling of titles like Chilly Dogs (originally Kevin of the North, 2001), which it distributed across broadcast and home video channels. By 2008, Screen Media had amassed a library exceeding 1,000 motion pictures, solidifying its position as a key supplier of independent content. That year, the company launched the Spotlight Initiative in collaboration with The Creative Coalition, a of entertainment industry leaders, to highlight independent films that address social issues and foster public awareness through cause-related marketing.

Growth and Key Partnerships

In 2009, Screen Media Ventures launched The Film Exchange, an online subscription-based platform designed to facilitate international sales of independent films, specials, and series to broadcasters. The program, which represented the largest of independent producers assembled at the time, enabled content buyers to select individual titles tailored to specific audiences and markets, targeting U.S. stations, international broadcast and cable outlets, , and platforms. Led by Rob Corona of Brightlight Entertainment and Dan Mulholland of Delta Television Group, the initiative marked a significant step in expanding Screen Media's global reach beyond its initial focus on domestic distribution. During the period from to 2016, Screen Media substantially grew its content library through strategic acquisitions of television series and motion pictures, reaching over 1,500 titles by . This expansion transformed the company into one of the largest suppliers of filmed , emphasizing high-quality content for diverse licensing opportunities. Key partnerships with entities such as Brightlight Entertainment and Television Group played a crucial role in sourcing premium titles, enabling collaborative deals that bolstered the library's depth and variety. Screen Media also diversified its distribution networks during this era, extending beyond television into theatrical releases, home video formats like DVD and VOD, cable, and pay TV channels. This multi-platform approach, supported by direct worldwide relationships, allowed the company to license content across various media, enhancing revenue streams and . Through these efforts and collaborations with Canadian-based partners, Screen Media established a stronger American-Canadian operational presence, facilitating cross-border content flow and international expansion.

Acquisition and Later Operations

In November 2017, Entertainment acquired Screen Media Ventures for approximately $4.9 million in cash and a small amount of stock, with the transaction closing on November 3. This deal integrated Screen Media as a key , significantly bolstering the parent company's content portfolio with licenses to over 1,200 television series and films from its pre-acquisition library. Under the new ownership, Screen Media shifted toward broader global distribution strategies, emphasizing (FAST) channels and digital platforms, including content supply to Crackle Plus and other ad-supported video-on-demand services. Post-acquisition operations saw Screen Media pursue strategic partnerships and rights acquisitions to expand its international footprint. In 2019, it partnered with to secure North American distribution rights for the documentary Memory: The Origins of Alien, directed by , which explored the influences behind Ridley Scott's 1979 film. By 2021, the company acquired worldwide distribution rights for multiple independent series, including The Uncommon History of Very Common Things, enabling releases across theatrical, , pay-per-view, free TV, cable, and streaming channels. These moves aligned with Entertainment's growing emphasis on AVOD and FAST ecosystems. In May 2021, Entertainment launched Halcyon Television as a premium scripted content studio under its subsidiaries, including Screen Media, with Ellender appointed as CEO to oversee development and production of high-end series. Halcyon focused on original scripted projects, such as adaptations of and , alongside partnerships for global sales. Through 2023, Screen Media sustained content licensing activities despite the parent company's escalating financial pressures, including a $325 million assumption from the 2022 Redbox acquisition that contributed to $636.6 million in losses for the year.

Bankruptcy and Closure

In April 2024, Entertainment, the parent company of Screen Media Ventures, reported a net loss of $636.6 million for the , attributing the shortfall to heavy debt from acquisitions and operational challenges in the streaming and distribution sectors. This financial strain intensified as the company struggled with , including an inability to meet obligations in mid-June. On June 29, 2024, Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of , listing over $500 million in liabilities and seeking to reorganize amid creditor disputes. Screen Media Ventures, as a , was included in the proceedings and ceased active operations shortly thereafter. However, on July 10, 2024, the court converted the filing to Chapter 7 due to the company's failure to secure and ongoing disputes with lenders, marking the effective dissolution of Screen Media. The defunct status of Screen Media was formalized on July 11, 2024, with the parent entity's shutdown. The process led to the winding down of Screen Media's operations, including the cessation of new acquisitions and the gradual disposal of its library through court-supervised auctions. In 2025, assets including Screen Media's library, alongside Redbox and Crackle, were auctioned as part of the bankruptcy proceedings. As of October 2025, the case continued with related lawsuits, but no direct successor entity had assumed full control of Screen Media's assets, though portions of the remained distributed via existing licensing agreements with third-party platforms. This closure resulted in significant layoffs across the parent company and its subsidiaries, affecting hundreds of employees, and disrupted partnerships with production companies and distributors who were left awaiting payments from the $970 million owed to over 500 creditors.

Business Operations

Distribution Model and Channels

Screen Media Ventures functioned primarily as an distributor of licensed , acquiring to independent films, series, and specials for global exploitation, with a particular emphasis on non-theatrical outlets such as and cable providers. The company's model centered on securing worldwide distribution and monetizing them through diversified licensing agreements, targeting markets beyond major studio theatrical releases to maximize reach for mid-tier and foreign titles. This approach allowed Screen Media to serve as a bridge for producers, handling sales and placements in over 50 countries via direct relationships with broadcasters and platforms. The distribution channels encompassed a wide array of platforms, including theatrical releases in select markets, home video formats such as DVD and Blu-ray (often in partnership with manufacturers like Studios Home Entertainment), video-on-demand (VOD) and services, cable and networks, broadcast television, and international syndication packages. In the U.S. and , Screen Media maintained strong ties with major cable operators like , Showtime, , and , while internationally, it licensed content to regional broadcasters and video distributors. Digital channels gained prominence through ad-supported streaming, exemplified by the platform, which offered free access to licensed movies across five dedicated channels in 56 countries, reaching approximately 15 million active users annually by 2017. These efforts extended to new media integrations, such as partnerships with platforms like Crackle and for FAST (free ad-supported streaming TV) channels. Revenue streams were derived mainly from licensing fees for content placements, output deals with networks that guaranteed minimum payments for slates of titles, and sales of to streaming services. For instance, Screen Media's initiatives included launching over 16 packages to U.S. broadcast stations, generating steady income from free TV airings. Ad revenue from platforms like supplemented these, with the service contributing to diversified quarterly earnings through . Over time, Screen Media's model evolved from a television-centric focus in its early operations—prioritizing cable and broadcast licensing—to a multi-platform strategy post-2010, incorporating VOD, streaming, and theatrical elements to adapt to digital consumption trends. The 2011 launch of marked a pivotal shift toward online distribution, expanding beyond traditional media to include emerging video platforms and partnerships with digital aggregators. By the , this included output agreements with AVOD networks and integrations on connected TV devices, enhancing global accessibility for licensed content.

Content Library and Acquisitions

Screen Media developed a substantial content library through strategic acquisitions, amassing thousands of titles by the early 2020s, including approximately 20,000 films and television episodes as of 2023, encompassing motion pictures, television series, and specials. This collection positioned the company as a key player in , with a focus on building a diverse catalog that supported long-term licensing opportunities. The library's growth reflected Screen Media's emphasis on acquiring rights to content that could generate recurring revenue across multiple platforms. Following the 2024 and of its parent company, Screen Media ceased operations, with its content library subjected to asset auctions beginning in 2025. The company's acquisition strategy centered on independent films, international titles, and niche genres, enabling it to secure unique content that appealed to specialized audiences. For instance, in , Screen Media obtained North American and European rights to the documentary series Promiseland, highlighting its approach to high-profile, genre-specific projects. Content types included feature films such as indie dramas and thrillers, alongside television series in both scripted and formats, as well as documentaries that broadened the library's scope. Key acquisition periods marked distinct phases of library expansion: intensive building occurred during the 2000s and 2010s, when , founded in 1999, aggressively pursued independent and international content to establish its foothold. Following its 2017 acquisition by , efforts shifted toward premium content tailored for streaming services and television, aligning with broader AVOD strategies. Library management involved meticulous cataloging of owned titles—fully controlled assets—and licensed titles, where rights were acquired for specific territories or durations, to optimize ongoing revenue through and platform deals. This dual approach ensured the library's versatility, allowing Screen Media to license content efficiently while maintaining a balance between proprietary holdings and strategic partnerships for distribution.

Notable Releases

Feature Films

Screen Media Films specialized in acquiring and distributing independent feature films, often focusing on genre-driven narratives and festival premieres, with releases spanning theatrical, video-on-demand (VOD), and platforms. Early in its operations during the , the company handled DVD releases of titles like Chilly Dogs (2001, released on DVD in 2003), a comedy-adventure starring and about a slacker inheriting Alaskan land, which exemplified Screen Media's initial emphasis on lighthearted, character-focused stories for home entertainment audiences. Similarly, (2004), a holiday drama directed by featuring , , and , received a DVD release through Screen Media, highlighting themes of redemption and family during in . Another early acquisition, Intimate Affairs (2002), directed by and starring , , and , explored through interconnected stories and was distributed on DVD in 2007, underscoring Screen Media's support for provocative ensemble dramas. In the mid-2010s, Screen Media continued its strategy of acquiring rights to festival standouts, such as (2015), a coming-of-age drama directed by Shari Springer Berman and Robert Pulcini that premiered at Sundance and was acquired by Screen Media for North American rights shortly after. Adapted from Eleanor Henderson's , the film follows a teenager navigating , punk rock culture, and family secrets in 1980s , starring , , and ; it received a limited theatrical release alongside VOD on August 14, 2015, and later TV licensing deals that broadened its reach to cable audiences. The acquisition deal was announced at Sundance, reflecting Screen Media's focus on youth-oriented indie dramas with strong ensemble casts. Another notable acquisition was (2017), a directed by Jason Bourque starring as a private drone contractor grappling with the moral consequences of remote warfare and an enigmatic visitor from his past. Screen Media secured U.S. rights, emphasizing the film's exploration of military ethics and suburban alienation; it launched with a and wide digital/VOD rollout on May 26, 2017, complemented by DVD/Blu-ray in July and later TV licensing to platforms like , where it resonated with audiences interested in geopolitical s. In later years, Screen Media secured titles such as the action Gold (2021) starring , handling North American rights for multi-platform release, and the comedy The Nan Movie (2022) featuring . These selections illustrate Screen Media's role in elevating independent features through multi-channel , contributing to the broader scope of its content library.

Television Series and Specials

Screen Media expanded its portfolio into television through strategic acquisitions of distribution rights for scripted and unscripted series, enabling multi-platform releases across streaming, cable, and broadcast channels. In 2021, the company acquired worldwide distribution rights (excluding ) to the 10-episode documentary series The Uncommon History of Very Common Things, produced by Entertainment in association with Entertainment and Parkside Pictures. This premium factual series, exploring everyday innovations like chocolate and , premiered as a Crackle original in June 2021, with handling sub-distribution outside the U.S. and to broaden its international reach. A significant boost to Screen Media's television offerings came from the 2021 acquisition of Sonar Entertainment's extensive library by its parent company, Entertainment, which Screen Media then distributed globally. Formed as Halcyon Television in 2021, this subsidiary oversaw the library's management, encompassing over 1,000 titles and 4,000 hours of content, including notable independent TV series and miniseries such as (a historical crime drama originally aired on ), (a period adventure series starring on ), and The Son (a Western drama on ). These acquisitions allowed Screen Media to handle distribution for premium scripted content, focusing on episodic formats that appealed to diverse audiences through partnerships with U.S. networks and international broadcasters. Screen Media's syndication strategy emphasized licensing television content to cable networks, broadcasters, and streaming platforms, with a particular focus on non-U.S. markets to maximize revenue from international audiences. For instance, rights to series from the Halcyon library were sub-licensed to European and Asian broadcasters, enabling reruns and new releases in regions like the and . This approach leveraged the company's global network to place shows in over 100 territories, prioritizing deals that extended beyond initial U.S. premieres. In addition to series, Screen Media distributed event-based television specials and miniseries from its library, such as historical documentaries and limited-run formats tied to cultural or thematic events. Examples include miniseries like (a 2012 biographical drama) and (a 1998 fantasy special), which were licensed for seasonal airings on cable channels and international free TV, often in partnership with networks seeking high-impact, self-contained programming. These specials enhanced Screen Media's offerings by providing broadcasters with versatile content for prime-time slots and holiday programming.

Leadership and Impact

Key Executives

Joseph E. Kovacs served as President of Screen Media Ventures from its early years, signing key agreements such as the 2002 asset purchase from Jones Programming Partners as the company's representative. Prior to Screen Media, Kovacs founded AB and held the position of President at All American Communications, bringing extensive experience in media distribution and production to his leadership role at the company founded in 1999. His tenure as President extended through significant periods of growth until the 2017 acquisition by Entertainment, during which he oversaw operations in and television distribution. David Fannon joined Screen Media in 2005 and served as , playing a key role in the company's expansion. In 2019, he was promoted to Executive Vice President of Distribution for Entertainment while continuing as of Screen Media, overseeing distribution strategies until the parent company's 2024 . Seth Needle joined Screen Media in 2011 and rose through the ranks to Senior Vice President of Worldwide Acquisitions before his promotion to Executive Vice President of Global Acquisitions and Co-Productions in 2021. In his role, Needle managed acquisition efforts for domestic releases, foreign sales, and AVOD/SVOD content, including high-profile deals such as the 2019 acquisition of the documentary in partnership with . He remained in executive leadership post-2017 acquisition, contributing to the expansion of Screen Media's content slate until departing in 2023 to co-found Blue Harbor Entertainment. David Ellender was appointed CEO of Halcyon Television, a premium scripted content studio launched by Entertainment in May 2021 following the acquisition of Entertainment assets. In this position, Ellender oversaw the development and production of high-end scripted projects, integrating talent and resources into Halcyon's operations as part of the broader Screen Media ecosystem under Chicken Soup's ownership. His leadership focused on scripted entertainment post the 2021 deal, extending Screen Media's reach into production until the parent company's challenges in 2024. Other notable executives included Lisa Burgueno, who joined in 2019 as of and advanced to Senior of and Marketing, where she handled transactional partnerships and media planning across digital and on-demand platforms. In the company's early phase around 2009, Rob Corona of Brightlight Entertainment and Dan Mulholland of Delta Television Group led program initiatives, such as the launch of The Film Exchange, which facilitated television sales of independent films. These roles highlighted transitions in from Screen Media's founding era through the 2017 acquisition and into later operations amid the 2024 bankruptcy and closure of the parent entity.

Contributions to Independent Media

Screen Media played a pivotal role in supporting filmmakers by providing channels for niche and series that often struggled to secure visibility. As an , the company specialized in licensing content across , video-on-demand (VOD), and platforms, enabling smaller productions to reach global audiences without relying solely on theatrical releases. This approach was particularly beneficial for titles focusing on diverse genres, such as documentaries and dramas, which benefited from Screen Media's extensive network of cable, broadcast, and streaming outlets. One of the company's key innovations was the launch of The Film in 2009, an online subscription-based platform designed to facilitate global sales of independent films. This service allowed broadcasters and distributors to access and purchase titles from Screen Media's library on an as-needed basis, streamlining the process for international licensing and reducing barriers for indie producers seeking overseas deals. By offering flexible, digital-first access to content, The Film helped democratize opportunities in an era when exchanges were still prevalent, ultimately supporting the sale of hundreds of independent titles to international markets. In terms of market impact, Screen Media emerged as one of the largest independent suppliers of content to the worldwide television market, maintaining a library exceeding 1,500 motion pictures and television series by the early 2020s. This extensive catalog facilitated broad international access, with deals spanning pay TV, free TV, and VOD platforms in multiple territories, thereby amplifying the reach of independent productions that might otherwise remain limited to domestic festivals or limited releases. The company's focus on non-theatrical distribution models, including digital and broadcast licensing, underscored its commitment to bridging gaps for smaller producers amid a consolidating media landscape, where major studios increasingly dominated premium content pipelines prior to 2024. Following its closure amid the 2024 bankruptcy of parent company Entertainment, Screen Media's legacy endures in the evolution of non-theatrical indie distribution. Its emphasis on VOD and licensing contributed to the normalization of hybrid release strategies that prioritize digital accessibility over traditional theatrical windows, influencing subsequent distributors to adopt similar agile models in a post-pandemic market. This shift has sustained opportunities for niche , ensuring that independent voices continue to find viable paths to audiences despite industry consolidation.

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